Chicago-based commercial real estate brokerage firm Essex Realty Group, Inc. has announced the sale of 2317-2325 W. Chase Avenue, a 12-unit multifamily property located in Chicago’s West Rogers Park neighborhood.
The buyer, a local investor in a 1031 exchange, purchased the property for approximately $1,675,000 which equates to $139,583 per unit. Essex President Doug Imber, Principal Kate Varde, and Directors Jaimie Steinher and Dan Shepherd were the brokers on this transaction. This Essex team conducted an extensive marketing campaign resulting in more than 10 property tours and multiple offers.
2317-2325 W. Chase Avenue is comprised of a mix of one-, two- and four-bedroom apartment units. The units feature radiator heat, hardwood floors, white kitchen appliances, wood cabinetry, and laminate countertops. The apartments are spacious with separate living and dining rooms. Coin operated laundry is on-site. The property is conveniently located within 0.70 miles from the Rogers Park UP-N Metra Station.
This is the second Rogers Park area apartment building closed by Essex in the last month as 7416 N. Rogers Avenue closed in February.